Common use of Allocation of Net Income and Net Losses Clause in Contracts

Allocation of Net Income and Net Losses. The Net Income and Net Losses for any fiscal year or partial fiscal year shall be allocated among the Members in a manner such that the Capital Accounts of the Members are in proportion to their respective number of Units.

Allocation of Net Income and Net Losses. The Net Income net income and Net Losses net losses for any fiscal year or partial fiscal year shall be allocated among to the Members in a manner such that the Capital Accounts of the Members are in proportion to their respective number of UnitsMember.